Tax Evasion and International Sanctions

<p>Illicit financial flows involving tax evasion (D)</p> Signup and view all the answers

<p>Seeking to use AML legislation to criminalize tax evasion. (B)</p> Signup and view all the answers

<p>Timely international cooperation. (B)</p> Signup and view all the answers

<p>To provide guidelines for countries to combat tax crime. (B)</p> Signup and view all the answers

<p>Strong interagency cooperation (A)</p> Signup and view all the answers

<p>To maintain or restore international peace and security when other efforts have failed. (D)</p> Signup and view all the answers

<p>Establishing import/export bans on certain commodities. (C)</p> Signup and view all the answers

<p>To ensure that they meet all requirements and avoid violating the imposed sanctions. (A)</p> Signup and view all the answers

<p>To pursue specific Common Foreign and Security Policy (CFSP) objectives, such as promoting human rights and democracy. (B)</p> Signup and view all the answers

<p>An adverse impact on vulnerable groups of people in the sanctioned jurisdictions. (C)</p> Signup and view all the answers

<p>Investing in financial products (C)</p> Signup and view all the answers

<p>It provides information on links, profiles, and movements of terrorists. (D)</p> Signup and view all the answers

<p>A significant financial infrastructure (B)</p> Signup and view all the answers

<p>They operate independently without a command structure. (C)</p> Signup and view all the answers

<p>Shared ideals and the aim of influencing society through acts of terror. (B)</p> Signup and view all the answers

<p>Individual attacks can cause significant damage at a low financial cost, but a strong financial infrastructure sustains terrorist networks. (B)</p> Signup and view all the answers

<p>Boko Haram (D)</p> Signup and view all the answers

<p>Promoting a militant ideology (B)</p> Signup and view all the answers

<p>Providing funds for the development of chemical weapons, even if not explicitly stated. (D)</p> Signup and view all the answers

<p>The transfer of technology, goods, software services or expertise that could be used in weapon-related programmes. (B)</p> Signup and view all the answers

<p>The proliferation of conventional weapons. (D)</p> Signup and view all the answers

<p>Establish domestic controls to prevent the proliferation of nuclear, chemical or biological weapons and their means of delivery. (D)</p> Signup and view all the answers

<p>Countries, financial institutions, designated non-financial businesses and professions (DNFBPs) and virtual asset service providers (VASPs). (C)</p> Signup and view all the answers

<p>Integrate proliferation financing risk assessment within their existing compliance programs. (C)</p> Signup and view all the answers

<p>Goods, software and technology used for civilian purposes that may have military applications. (D)</p> Signup and view all the answers

<p>Even with detailed information, their final use is hard to determine. (B)</p> Signup and view all the answers

<p>Predicate offenses are the <em>foundation</em> of money laundering, generating the illegal proceeds that are then laundered. (B)</p> Signup and view all the answers

<p>Successful money launderers often blend in with legitimate successful individuals. (A)</p> Signup and view all the answers

<p>It recommends that countries should apply the crime of money laundering to all serious offenses. (A)</p> Signup and view all the answers

<p>Using all offenses, a combination of all offenses, a threshold based on the severity of the crime, or a list of specific crimes. (B)</p> Signup and view all the answers

<p>A predicate offense, generating monetary proceeds that require laundering. (C)</p> Signup and view all the answers

<p>21 (A)</p> Signup and view all the answers

<p>An institution enters into a relationship involving property derived from criminal activity. (B)</p> Signup and view all the answers

<p>Because it suggests a simple cleaning process, while the reality is complex. (D)</p> Signup and view all the answers

<p>To assess a country's compliance with existing standards. (D)</p> Signup and view all the answers

<p>By providing a framework for response. (B)</p> Signup and view all the answers

<p>To assist states in implementing international treaties. (C)</p> Signup and view all the answers

<p>Create the international AML standards. (A)</p> Signup and view all the answers

<p>Financial Action Task Force. (B)</p> Signup and view all the answers

<p>Technological developments and virtual currencies. (C)</p> Signup and view all the answers

<p>Legally binding agreements between member countries. (A)</p> Signup and view all the answers

<p>Consistency in international efforts to prevent financial crime. (A)</p> Signup and view all the answers

The process of concealing criminally obtained property.

A crime that generates monetary proceeds for money laundering.

An international body that sets standards to combat money laundering.

Countries should address money laundering linked to serious offences.

Setting criteria based on seriousness or penalties for predicate offences.

21 specific crime categories identified by FATF for tackling laundering.

Any association involving property from illegal actions.

Crimes considered severe enough to warrant laundering attention.

The illegal non-payment or under-payment of taxes.

Anti-Money Laundering framework to prevent financial crime.

Insufficient legal controls over financial activities.

Money that is transferred illegally across borders.

Collaboration between countries to combat financial crimes.

Guidelines set by the OECD to combat tax crimes globally.

Illegal actions taken to avoid taxes.

Funding or financial services used for weapons development and related materials, violating laws.

Transfer and export of technology or goods for nuclear, chemical, or biological weapons.

Mandates preventive measures against proliferation of WMDs and delivery systems.

Local laws and measures to prevent proliferation of WMDs.

Goods and technologies intended for civilian use but with potential military applications.

Potential threats arising from the transfer of materials or technology related to weapons.

Entities must assess and mitigate proliferation financing risks in their operations.

Actions that jurisdictions must take to combat proliferation financing.

Resources used by terrorist groups to finance their activities.

Relatively minor amounts needed to finance individual attacks.

Actions taken to disrupt the flow of money to terrorists.

Groups formed around shared political, religious, or ideological beliefs using terror to provoke change.

Individuals committing terrorism independently in support of an ideology.

Financial resources needed for promoting ideology and paying operatives.

International connections that require significant funding to maintain.

Tracking the flow of funds to uncover links, profiles, and movements of terrorists.

IMF’s Financial Sector Assessment Program evaluating financial sector compliance.

Evaluations of a country's adherence to Anti-Money Laundering and Counter-Financing of Terrorism standards.

Financial Action Task Force, which sets international standards for AML and CFT.

The IMF evaluates countries' adherence to existing AML standards without setting them.

IMF and FATF work together to promote and implement AML and CFT standards.

Analysis by IMF of how trends like virtual currencies affect AML/CFT measures.

Program by UNODC assisting states in compliance with AML treaties.

Legally binding agreements among countries regarding anti-money laundering.

Measures taken by UNSC to enforce international peace, such as arms embargoes and travel restrictions.

Joint efforts by EU member states to promote economic growth and democracy through sanctions.

EU framework promoting stability and security through common foreign policies and sanctions.

Sanctions may negatively impact vulnerable groups in affected jurisdictions.

Prohibitions set by UNSC on certain goods to regulate trade with sanctioned countries.